PTA-Adhoc: S IMMO AG: Letter of Intent for purchase of office properties in Budapest signed

Wednesday, 28. September 2022 12:45

Public disclosure of inside information according to article 17 MAR

Vienna (pta024/28.09.2022/12:45) - Today S IMMO AG has signed a Letter of Intent with the respective Hungarian subsidiaries of CPI Property Group S.A. and IMMOFINANZ AG. regarding the acquisition of their respective Budapest office portfolios. If finalised, the purchase would comprise a total of 15 properties in Budapest with a total lettable area of almost 250,000 m². The potential purchase is in line with the recently published corporate strategy and, if fully implemented, would lead to an increase in annual rental income of more than EUR 30m per year.


emitter: S IMMO AG
address: Friedrichstraße 10, 1010 Wien
country: Austria
contact person: Elisabeth Wagerer
phone: +43 1 22795-1120

ISIN(s): AT0000652250 (share)
stock exchanges: official trade in Vienna

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Related Links: S IMMO AG